The Texas legislature approved energy deregulation in 2002 creating the path for competitive energy pricing and market. As a deregulated electricity market, state’s retail energy companies would need to compete - against each other - for the millions of Texas residential and business customers. The goal of a deregulated, or competitive energy market, is to give the power to choose to the consumer – which forced Richardson electricity providers to be more efficient and lower costs – and offer improved customer service and lower rates to their customers. Going forward, the home and business customers of energy suppliers would have the ability to switch to a new energy provider (at the end of each contract) to maintain the advantage of the deregulated market.
Texas has had a very healthy market in the new era of competition under energy deregulation. Residents and businesses can shop for electricity plans from a wide array of energy suppliers and shop for the best rate available. This means less money in the pockets of energy companies and more for you.
How do you get the best deal on an electricity plan? We analyzed and digested hundreds of thousands of data points from utilities and suppliers and determined the most basic action you can take is to be proactive.
Simply by shopping suppliers and rates 6 months before your plan is set to renew can help you save 20% or more on your energy costs. Furthermore we found that most customers, depending on market conditions and usage, are likely to save by switching electric suppliers every 12 to 24 months.
Richardson businesses can find big savings in the Texas energy market with just a little bit of due diligence. Since energy suppliers are forced to be more efficient, and offer business energy plans with competitive energy rates, it’s up to you to compare and find the best plan.
But finding the right plan can be difficult. In Texas, rates change by zip code. And with dozens of commercial energy suppliers, that means sifting through hundreds of plans.
This has made comparing energy plans confusing due to the sheer number of plans available, promotional rates that are not apples-to-apples and the legal fine print that details fees and penalties.
Commercial energy customers can maintain control over the process by reviewing their monthly usage and average monthly electricity bill.
If your average business electricity bill is less than $500 per month, then you can get a very good energy rate for your business through a simple online comparison of energy rates.
If your average commercial electricity bill is $500 or more per month, then you will most likely get a more competitive energy rate through a custom quote process. The custom process is exactly that – by providing basic business information, energy usage and submitting a recent electricity bill – EnergyBot can leverage partnerships with suppliers to work on your behalf and secure the best energy rate for your business. Although it will take more time to complete, the custom quote process may deliver a lower energy rate that will add up to big savings for your business.
For Richardson businesses, researching energy rates and switching to a new electricity plan can be a hassle. EnergyBot is built to make energy simple and help businesses find the best electricity rate quickly and easily.
Along with saving time, EnergyBot also helps businesses cut energy costs by 15% for two reasons.
Renewable energy is becoming more and more viable every day. Several energy suppliers focus completely on green energy plans and even more suppliers offer partial green plans.
We are constantly finding new ways to give Richardson businesses and residents more renewable energy options. This includes solar, wind, hyrdo, and even geothermal energy solutions. You can find out more about our green energy solutions here.
The United States Department of Energy recently funded the University of Texas at Dallas in Richardson $3 million to develop a floating turbine design with a vertical axis wind turbine. It will be designed for use in deep water environments to generate offshore wind power using a hierarchical control co-design framework to overcome common issues associated with offshore wind power. This will allow the design to operate on a smaller floating platform which reduces operation and maintenance costs due to easier access to the drivetrain. Overall, this project could substantially reduce the costs of operating offshore wind energy farms throughout the United States.
Finding a new electricity provider in Richardson is simple with EnergyBot. Follow these simple steps to get the lowest electricity rate in Richardson.
Enter your zip code at the top of this page and you can quickly see plans from the top Richardson electric companies. For even better pricing use our data linking tool to pull in your historic usage from your utility.
Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan details. This breaks down the most important information about the plan into a way that is easy to understand.
Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.
Richardson energy providers offer rates and plans with a range of options and terms. While you will see many types of plans for the most part they are in two categories: fixed-rate and variable rate.
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
Known as the Telecom Corridor, Richardson is the thirtieth largest city in the state of Texas with a population of 120,981 residents. Located within the inner suburbs of Dallas, Richardson covers a densely populated area of just over 28 square miles.
As an extremely affluent inner suburb of Dallas, Richardson contains over 25 million square feet of office space and over 5,000 businesses in the small city area. This provides a premium location for telecommunications and networking companies as well as several corporate headquarters. The high concentration of telecommunications and networking companies gave it the nickname of the Telecom Corridor as most of them are packed into a single 6.5 mile long strip.
The city of Richardson is also extremely bike friendly receiving a Bronze rating by the League of American Bicyclists for Bicycle Friendly Communities. They offer over 15 miles of dedicated bike lanes with future plans to expand. Richardson also plans to develop bicycle facilities and designate preferred bicycle routes on low-volume and low-speed roadways so bicyclists know where it’s safe to ride. There’s also the Central Trail which now connects from city limit to city limit offering both hiking and bicycle riding.
Texas has one of the healthiest and largest economies in the United States, second only to California in size. In fact, if Texas was its own country it would have the 10th largest GDP, beating out Canada and South Korea.
The 2.7 million small businesses in the state of Texas employ over 4.74 million people and added nearly 95,000 net new jobs, according to the latest SBA Small Business Profile. The economic growth in Texas has remained strong as the unemployment rate dropped from 4.1% to 3.8% in 2019.
Founded in 1873, Richardson is home to a vibrant economy – with over 5,000 businesses within the city limits of just 28 square miles including some of the world’s largest telecommunications and networking companies as well as several corporate headquarters.
The extensive business network in Richardson brought the unemployment rate down to just 3.2% and brought the median household income up to almost $71,000. This extreme economic growth only seems to be continuing with the city’s total assessed property value going up from $8.3 billion in 2005 to $14 billion in 2017.
Richardson is poised to continue its amazing economic growth – with the telecommunications and networking industry expanding and property values still growing.